A pilot launch of e-rupee soon, can be based on token or account, #RBI reveals‼️
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
🔅There are 2 versions—wholesale for interbank settlement and retail for the public.
🔅A token-based CBDC (central bank digital currency) is a bearer instrument like banknotes, whosoever holds…cntd
…the tokens at a given point in time would be presumed to own them.
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
The retail version of the digital rupee is token based.
🔅An account-based system would require maintenance of record of balances and transactions of all holders of the CBDC and indicate ownership of… cntd
…of the monetary balances.
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
🔅In a token-based CBDC, the person receiving a token will verify that his ownership of the token is genuine, whereas in an account-based CBDC, an intermediary verifies the identity of an account holder.
🔅RBI says this will reduce cost of cash.. cntd
…transactions
🔅A person will be allowed offline transfers too.
🔅A person will be allowed offline transfers too.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
